Bank Of America Comments On Nike Revenue

According to Bank of America, Nike NKE expects to increase F2015 revenue to $28bn-$30bn revenue (from prior goal of $27bn and current ~$20.9bn). Bank of America said that it believes the strong athletic cycle will continue to support strong global futures orders into F12 (F4Q11 +12%). “Nike also expects continued SGA/operating expense improvement as they leverage operating overhead on higher revenue.” Nike closed yesterday at $89.90.